February Real Estate Metrics in Whistler and Pemberton
21 March, 2025Kathleen0 Comments1 category
Whistler Market HighlightsWhistler Market Update – February 2025 The Whistler real estate market saw steady activity in February, with sales increasing from the previous month while inventory levels continued to rise.
Key highlights: 41 sales in February – a 17% increase from January, but 15% below last February’s 47 salesInventory up 5% month-over-month, with 290 units available and 76 new listings Overall, the Whistler market remains balanced, with strong demand and steady inventory growth.c
Median prices: Single-family homes: Up 37% year-over-year Townhomes: Up 67% year-over-year Condos: Down 14% year-over-yearMedian days on market increased year-over-year but decreased for single-family homes and condos compared to January
Pemberton Market Update – February 2025 Pemberton’s market maintained a steady pace in February, with sales volume holding consistent over the past three months. However, inventory is showing signs of recovery. Key stats:6 sales, on par with recent months
11 new listings, bringing total inventory to 55 units – slightly above January’s near two-year low
Median prices: Single-family homes: Up 15% year-over-year Townhomes: Up 4% year-over-yearDays on market increased across most property types (except vacant land), both year-over-year and month-over-monthPemberton remains a buyer’s market for now, but with the March 12th interest rate decrease on the horizon, we anticipate a shift toward a more balanced market soon.
Market OutlookFrom an economic standpoint, uncertainty remains, particularly with ongoing concerns about a potential US-Canada trade war. While the International Monetary Fund (IMF) warns that prolonged trade tensions could reduce consumer confidence and slow investment decisions, there’s also a growing patriotic push to buy and invest within Canada. This could drive increased demand for recreational properties in sought-after destinations like Whistler and Pemberton.
Key economic factors to watch:
Strong USD: American buyers continue to see value in Canadian mountain resort properties, making Whistler an attractive investment.
Bank of Canada rate decision (March 12): The rate decrease is anticipated to increase purchasing power, and potentially stimulate the housing market.
Greater Vancouver market trends: While the GVR market saw a 20% drop in sales from January to February, Whistler and Pemberton have not mirrored this decline, reinforcing their unique demand dynamics.Whistler remains a safe haven—a magical retreat where people can escape uncertainty and find balance. Whether looking for a long-term investment or a much-needed getaway, buyers continue to see the value of owning in this world-class destination.Whether you’re considering buying, selling, or just curious about what’s happening, let’s chat about a measured, strategic approach to your next move.Let’s talk real estate – reach out anytime!
